Kathmandu. Shine Resunga Development Bank is going to issue debentures. The bank is going to issue debentures from July 15.

The bank is going to issue ‘Shine Resunga Debenture’ for a period of 10 years with an interest rate of 8 percent per annum.

The company is issuing one million units of debentures worth Rs 1 billion at the rate of Rs 1,000 per unit. The bank will sell 600,000 units of debentures worth Rs 600 million individually. The remaining 400,000 units worth Rs 400 million will be issued to the general public. 20,000 units of debentures have been set aside for mutual funds.

Applicants have to apply for a minimum of 25 units and a maximum of 500,000 units. It will be closed at the earliest on July 15 and late on July 14. Its sales manager is NIMB Ace Capital.

Investors can apply through banks and financial institutions with C ASBA members and my shares.